Refer to the above information.The value of the dollar in year 2 is:
A)$1.25.
B)$1.33.
C)$.80.
D)$1.00.

Name: Refer to the above information.The value of the dollar in year 2 is: A)$1.25. B)$1.33. C)$.80. D)$1.00.
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Question

Refer to the above information.The value of the dollar in year 2 is:
A)$1.25. 
B)$1.33. 
C)$.80. 
D)$1.00.

Quizplus · Accepted Answer

The equation given suggests that the value of the dollar decreases by 20% from year 1 to year 2. Therefore, if the value of the dollar in year 1 is $1.00, in year 2 it would be $0.80.

Refer to the Above Information